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Mt. Gox Creditors Report Double Payments in Settlement Funds; Exchange Seeks Remediation
27.12.2023
Source: AdobeStock / 24K-Production Mt. Gox, the once-dominant cryptocurrency exchange that famously collapsed in 2014, has recently encountered a new hurdle in its efforts to repay creditors. Reddit users are now reporting a payment error stemming from what the exchange describes as...
Bitcoin Price Prediction on Christmas Day: Unwrapping BTC’s Market Trends and Future Outlook
25.12.2023
On this serene Christmas Day, the cryptocurrency market, particularly Bitcoin (BTC/USD), reflects the season’s quiet but does not escape the inherent volatility of its nature. The current price of Bitcoin hovers around $43,125, marking a 1.70% decline in the last 24 hours. Despite this...
Red Bull Formula 1 Team Launches NFT Collection on Sui Blockchain
15.12.2023
Source: Pixabay The Red Bull Formula 1 team has dropped an exclusive NFT collection on the Sui blockchain after a dominant performance in the 2023 Formula 1 season. The team announced in a press release Friday that fans would be able to mint the collectibles free of charge exclusively on Sui,...
Bitcoin Price Prediction as Minor Correction Occurs – Is a Rebound Imminent?
8.12.2023
Bitcoin (BTC), the dominant force in the cryptocurrency market, has impressively held its ground, with its price oscillating around the $43,500 level. This resilience is primarily fueled by a buoyant sentiment pervading the crypto market, drawing on a mix of anticipation and optimism. #Bitcoin ...
Ethereum Price Prediction as ETH Rises Above $2,300 – Can ETH Reach $3,500 by December 31?
7.12.2023
Source: Pexels Ether (ETH), the second most valuable cryptocurrency by market capitalization that powers the smart-contract-enabled Ethereum blockchain, was last up close to 5% on Thursday and just hit fresh highs for the year in the mid-$2,300s. Ethereum remains the dominant blockchain used...
Lido Achieves 9 Million Ethereum Milestone as Rocket Pool Surpasses 1 Million in Defi’s Booming Staking Sector
3.12.2023
Recent data reveals that Lido, the leading liquid staking protocol (LSP), now holds over 9 million ethereum within its system. This figure represents a significant 77.81% of the total ethereum value locked in current LSPs, underscoring Lido’s dominant position in the market. Lido and Rocket...
Ethereum Co-Founder Vitalik Buterin: AI Poses Serious Threat to Humanity’s Dominance
28.11.2023
Source: ShutterStock Ethereum co-founder Vitalik Buterin has issued a warning about the potential dangers of super-advanced artificial intelligence (AI) surpassing human intelligence and becoming the dominant species on Earth. In a recent post on X (formerly Twitter), the Ethereum (ETH) mastermind...
Bernstein Report: Binance Will Remain the Top Global Crypto Exchange Despite DOJ Settlement
22.11.2023
Source: Adobe Binance, the world’s largest crypto exchange, is expected to maintain its position as the dominant global exchange, even after reaching a settlement with the U.S. Department of Justice (DOJ). According to a research report by broker Bernstein, Binance experienced minor outflows...
Bitcoin Price Prediction as RFK Jr. Supports Self-Custody Rights – Is Regulatory Pressure Easing?
21.11.2023
Bitcoin, the flagship cryptocurrency, has been demonstrating robust performance, maintaining a strong position above the $37,000 threshold. This bullish trend contributes significantly to the global cryptocurrency market cap, which has recently seen a 0.52% increase, soaring to $1.42 trillion....
Crypto Macro Weekly: Ether (ETH) Pumps 11% Above $2,100 as BlackRock Files For Spot Ethereum ETF as Broader Market Rally Continues
10.11.2023
Ethereum Logo Graphic / Source: Adobe Ether (ETH), the cryptocurrency that powers the smart contract-enabled Ethereum blockchain that remains the dominant chain in the DeFi, NFT and broader web3 industries, stole the spotlight from its bigger rival Bitcoin (BTC) this week, and was last up close...
Arthur Hayes Warns of Institutional Hold on Bitcoin – Innovation or Centralization?
6.11.2023
Growing institutional custody service over bitcoin is raising alarms. Arthur Hayes, the founder of Maelstrom Fund, said that bitcoin’s core value of decentralization could be at risk. In a recent podcast with Blockworks, Hayes portrayed a future where dominant financial establishments could...
BillionAir ($AIRB) Emerges as the Dominant Player in the GambleFi Universe, Leaving Competitors in the Dust, Raising Over $6.3 Million in Pre-Sale
29.10.2023
Disclaimer: The text below is a press release that is not part of Cryptonews.com editorial content. In the fast-paced world of GambleFi, where online casinos and gaming platforms are vying for investors’ attention, BillionAir ($AIRB) has decisively established itself as the leading...
Upbit Dominates Korean Crypto Exchange Market With a Market Share of 80%: Research
27.10.2023
Upbit has solidified its position as the dominant player in South Korea‘s crypto exchange market, boasting an impressive market share of 80%. According to recent research by DeSpread, Upbit’s market dominance has remained strong throughout the year, with a brief dip to 70%...
PayPal is "Highly Unlikely" to Become a Dominant Player in Stablecoin Market: Tether Co-founder
6.10.2023
William Quigley, one of the co-founders of Tether (USDT), believes PayPal's stablecoin won't achieve notable adoption, particularly outside the United States.
"It is highly unlikely that PayPal will play a dominant role in the stablecoin market, certainly not outside of the US," Quigley said in...
The Elite Ten: How a Handful of Ethereum Wallets Command Over a Third of ETH’s Total Supply
3.9.2023
Ethereum (ETH), boasting its position as the second most dominant cryptocurrency by market capitalization, is held by a staggering 242,686,839 unique addresses. Fast forward to September 3, 2023, and a mere ten ether addresses command a whopping 34.18% of its entire supply. Let’s dive in...
Indian Official: De-Dollarization Remains Distant, Rupee Should Become Dominant Currency
27.8.2023
India’s oil and gas minister says de-dollarization is a long way away. The official emphasized his desire to conduct all transactions in rupees, expressing his wish for the Indian currency to become “the lead currency in the world.” Indian Official on De-Dollarization India’s Minister...
Bitmain Dispatches Initial KS3 Antminers Amid Surge in Kaspa’s Hashrate
22.8.2023
According to Bitmain, the well known crypto ASIC mining rig manufacturer, the company has shipped its first batch of KS3 Antminer machines. Despite each rig costing $49,800, Bitmain sold out of the first batch and announced another batch of KS3 Antminers would be available soon. As Kaspa’s...
Nobel Laureate Paul Krugman Says US Dollar Dominance Won’t Last Forever but Doubts Chinese Yuan Can Replace USD
18.7.2023
Nobel Prize-winning economist Paul Krugman says the U.S. dollar’s dominance “won’t last forever.” While recognizing the global de-dollarization trend, he expressed skepticism about the Chinese yuan’s ability to replace the U.S. dollar as the world’s dominant...
Economist Predicts End of US Dollar Dominance as More Countries De-Dollarize
13.7.2023
The chief economist at S&P Global has predicted that the U.S. dollar “will no longer be the dominant world currency.” Highlighting the diminishing influence of the USD, he pointed out that an increasing number of countries are de-dollarizing, noting that the Chinese yuan is growing...
North Korean Analyst Warns of Accelerating End to Dollar Dominance — Says BRICS Poses Challenge to US Hegemony
27.6.2023
A North Korean analyst has cautioned that the actions taken by the U.S. to restrict the usage of the dollar and the growing interest of countries to join the BRICS bloc are “accelerating” the decline of the USD as the world’s dominant currency. North Korean State Media...